FxWirePro- AGIXUSD (Chart of the day)

SingularityNET Platform is an open and decentralized network of AI services made accessible through the Blockchain. It gives developers a commercial launchpad and also allows the AIs to interoperate, creating a more synergistic, broadly capable intelligence.

Ethereum blockchain is used to host two critical smart contracts: the Registry and the Multi-Party Escrow.

The Registry is an ERC-165-compliant smart contract that provides all the information needed to find and interact with AI services on the platform, either by listing the information in full or, when it is too long.

An Escrow contract defines the conditional transaction between two transacting parties through an Escrow account.

AGIXUSD surged more than 45% in the past two days. It holds above the short-term (21 and 55 EMA) and below the long-term moving average. It hit a high of $0.6975 and is currently trading around $0.6582.

The bullish invalidation can happen if the pair closes below $0.35. On the lower side, the near-term support is $0.60. Any break below targets $0.50/$0.40. Any breach below $0.35 targets $0.20.

The pair's near-term resistance is around $0.70. Any breach above confirms minor bullishness. A jump to $0.85/$1 is possible. A surge past $1 will take it to $2.

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It is good to buy on dips around $0.55 with SL around $0.35 for TP of $1.50.

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